The answer is "of course". Even though I'll have to pay absurd interest rates it looks like it's time to buy gold and silver options. I think I'll get GDX for gold miners and I might expand what I already have for the silver options.
I've got something like 4 pre-approved letters asking me to get loans at high interest rates. If I didn't think that gold and silver are beginning a major breakout I wouldn't bother.
Today, the stock market went down and the dollar went up. Either of those should have driven metals down; but they went up instead. That shows the strength of both metals. It's time to buy.
It will take some time for the money to show up on my E-Trade account so I'll probably miss a lot of the move. That just makes it more imperative to get the money "asap". I'll get spiffed up and go shopping for money tomorrow.
Fortunately I already have some silver options and a little "physical" gold and silver. Physical means the real stuff in my safe deposit box. I'm as ready as I can be.
On a different topic, I went prospecting this morning.
I found a place that I thought there was Limonite (a mineral containing gold). I was wrong. It didn't break up like Limonite would but I ran a sample pan of it anyway. I was disappointed to not find gold. Oh well; you have to try.
That's all I have for now.
Later,
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